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FNMA See Federal National Mortgage Association. PARTITION The dividing of common interests in real property owned jointly by two or more persons. CONSTRUCTIVE EVICTION Acts done by a landlord which so materially disturb or impair the tenant's enjoyment of the leased premises that a tenant is effectively forced to move out and terminate the lease without liability for any further rent. COST OF FUNDS INDEX (COFI) An index of the weighted-average interest rate paid by savings institutions for sources of funds, usually by members of the 11th Federal Home Loan Bank District. WAREHOUSE A building used to store merchandise and other materials or equipment. ACCESS A general or specific right of ingress and egress to a particular property. BROKERAGE That aspect of the real estate business which is concerned with bringing together the parties and completing a real estate transaction. Brokerage involves exchanges, rentals, trade-ins and management of property, as well as sales. |
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